The Broncos have waived quarterback Kyle Sloter, according to Mike Klis of 9News (Twitter links).

Sloter’s release — and Paxton Lynch‘s lingering injury — means Denver will likely bring in a veteran quarterback, per Klis, who speculates the club could target Brock Osweiler. Two player sources expect the Broncos to target Osweiler in the near future, tweets Klis. Osweiler, of course, spent four seasons with the Broncos before signing with Houston last spring. He’s a free agent after being released by the Browns this week, and would only cost the minimum given that he’s earning $16MM from Cleveland.

Sloter, for his part, is a rookie undrafted free agent out of Northern Colorado. He could conceivably slip through waivers and be placed on Denver’s practice squad.